Heading into a new trading week amid Russia’s invasion of Ukraine, here is a quick roundup of the top five stories from the corporate, economic and cryptocurrency sectors that investors would not want to miss out on from the weekend.
U.S.-listed Chinese electric vehicle maker Nio Inc (NYSE: NIO) said on Sunday it has secured a key approval for a secondary listing in Hong Kong after months of delays due to questions about the company’s user trust holdings.
Biopharma stocks lock-stepped with the broader market in the week ending Feb. 25 before finishing higher. The trajectory was the same, with the sector declining in the first two sessions of the holiday-shortened week before making a comeback.
One of the most publicized SPAC merger announcements of 2021 was a deal to take Trump Media & Technology Group public. The merger was aimed at bringing a new player into the social media sector via former President Donald Trump.
Key Takeaways:
‘Expert network’ operator Capvision Partners has filed for a Hong Kong listing to raise up to $300 million
The company boasts fast revenue growth and impressive profit margins, but also faces regulatory risk that was the focus of a U.S. crackdown a decade ago
By Doug Young
Key Takeaways:
Hong Kong has received six SPAC listing applications in the last month, even as regional rival Singapore’s similar program starts to turn quiet
Most of Hong Kong’s SPAC applicants are backed by mainland Chinese companies, highlighting a major advantage the city enjoys over Singapore
By Jony Ho
Meihua International Medical Technologies Co., Ltd (NASDAQ:MHUA) opened up its shares for public trading for the first time since it filed for IPO in August 2021. The company agreed to initially offer 3.60 million shares to the public at a $10.00 per share.